Sector

Electric Vehicles

Sector Overview

  • 3rd

    Largest automobile consumer in India by
    no of vehicles registered

  • Rapidly growing

    urban centers posing high demand for automobile in tier 2&3 cities of the State

  • 3rd

    largest beneficiary
    of GOI’s FAME scheme

  • Largest SME base

    With favorable ecosystem
    for automobile & battery manufacturing

  • Growing emphasis

    on De polluting the
    transport system

Key Enablers

  • Govt Schemes/ Programmes such as National Electric Mobility Mission Plan (NEMMP) 2020, FAME 1 & 2, 2nd AMP (Automotive Mission Plan) and National Mission on Transformative Mobility & Battery Storage
  • 100% FDI allowed through automatic route in automobile sector
  • Rapid Transitioning of public vehicles to EVs in UP viz. public buses, Govt office vehicles, etc.
  • Special Tariff for EV notified in UP
  • Funding under FAME2 for setting up Public Charging Stations in UP

Key Policy Support


  • Land
    Subsidy


  • Interest
    Subsidy


  • Mobility incentives viz.Road Tax,
    Vehicle Registration fees waiver


  • Capital Subsidy
    to Charging Station developers

Key Initiatives

  • 700 EV public buses in major cities on routes identified by Urban Development Deptt
  • 207 charging stationsSanctioned under FAME2 under implementation at UPEIDA & NOIDA through REIL & EESL

Sector Specialist

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